Finance

Fitch Upgrades Habib Bank Sri Lanka to ‘AA-(lka)’ with Stable Outlook

  • August 13, 2024

Fitch Ratings has upgraded the national long-term rating of Habib Bank Limited – Sri Lanka Branch (HBLSL) to ‘AA-(lka)’, up from ‘A(lka)’. The outlook for the rating is stable. This upgrade follows the improved credit profile of HBLSL’s head office, Habib Bank Limited (HBL) in Pakistan, due to the recent upgrade of Pakistan’s sovereign rating.

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Business

CA Sri Lanka Hosts Forum on IMF Tax Reforms

  • August 13, 2024

To facilitate a deeper understanding of the International Monetary Fund (IMF) tax reforms, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently organized a discussion forum. This event brought together experts from various sectors to delve into the reforms and their implications on the Sri Lankan economy. Following the IMF’s comprehensive report

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